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Confluence

Fundamental + Technical Analysis = 70% profitability Fundamental Analysis i will start out that there is a GDP q/q 1:30am PST 4:30 Est i believe that news will ultimately be bullish outcome for 6-14 hour Time of expiration of purchase which i will buy in nadex one ITM(in the money) and one OTM (out the money) binary trade: Here is why i think fundamental is expecting a bullish outcome on fxfactory the forecast is 0.0 PREV is 0.4% if you look data avg it doesn't dip beyond a 0.0 in the last 3 years so im not expecting something different than an outcome higher than 0.0 Technical Analysis so to start we had a break of structure where i highlighted with a ellipse purple and that is a significant point and i then drew my Fibonacci what i would like to see is a retest of the low at 61.8 or 38.2 again before reentering in on the trade with that being said as well we have the break of structure retesting as support: im writing this now as 430pm pst and i fell asleep the trade went into my direction and i believe would of easily been a winnable trade with the fundamentals aligning as well: indicators do show rsi divergence and the VC showing a exhaustion in sellers: Trades taken at 129.2 or 129.4 for otm: ITM would of been at 129.00
Long
by Helloandtrade
Fundamental + Technical = 70% w/l Fundamental Analysis: We have RBA Gov Lowe Speaks which more likely than not is hawkish for this pair so im expecting for a somewhat good push and while im writing this at 4pm pst it is pushing down now: however im expecting a push for the downside next 6-14 hours or staying negative percentage of gain in the aud/usd pair Technical analysis: we have a break of structure which i highlighted with a purple Ellipse and with that means new structure on the 1h however 4h is still providing a bullish bias so be careful on where you set your targets for this option i would say play it safe at either the .400 mark which is lime green or at the .200 mark with that being said fibonacci played nicely off the 78.6 which is a slow and moderate push Price reversal zone and we had confirmation with market structure with the rsi divergence and VC Showing seller exhaustion
Short
by Helloandtrade
1
EURCHF Time To Scout Longs. Long-Term Trade Opportunity. EURCHF is at a major multi-year historical lows/support, along with a meaningful confluence of support. Will be on the lookout for longs. For the Risk-takers one could consider getting in long now with the patience to hold. OR For the more risk-averse, first wait for signs of strength from the bulls before getting in long. As for me I'm more inclined to patiently wait for signs of buyers stepping in before getting in long rather than jump in front of the momentum at the moment.
Long
by PriceActionNation
Fundamentals Plus Technical = Profitability over 70% > So here i will break down the current fundamental analysis and Technical analysis for AUD/USD: im expecting a Push in the bullish side heres why, First looking at Fundamentals We have Retail Sales m/m coming out if you look at previous data its usually a 20-35 pip move in previous data in either bull or bear market. Now with that being said its FC (Forecast) is -0.2 with previous data showing that actual has been greater than -0.2 for a year now with last years report of m/m being -0.4 so chances are in our favor: Now looking at Technical Analysis We have a market structure that is bullish with no previous market structure being broken according to 4h chart: we have a strong 4h support as a market in a blue highlighted zone - with that being said we have a confluence with Fibonacci being held at 38.2 ratio for my fib traders out there you know this is a PRZ or price reversal zone for trend continuations to happen while im typing this price is already moving into the bullish projection: Now on my indicators you can see on the 1h RSI that there is bullish momentum no indication that bears are in place: Trend is your friend in most scenarios: GOING TO THE 15m chart i like to call the entry chart is that we see are VC (Value chart) is showing indication that sellers are exhausted and it might be time for buyers to step in, With this trade since im a nadex trader there are two options i can take: one being very conservative and expensive at the .400 level or .600 level that i marked in lime green": Hopefully this helps you how i trade using nadex platform: using fundamentals and technicals its brief i could of elaborated my thought process but also this is my journal for quick thoughts as well :) enjoy!
Long
by Helloandtrade
bullflag target of 10480 confluence w/ risingwedge breakdwn trgtI love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown target lines up precisely at the super strong horizontal support line at 8504 we've been talking about since early 2019. This is the perfect zone for this to land on as it fills the gap on the cme futures chart as well as provides a perfect zone to bounce from. I wouldn't be surprised if I busted a fib retracement out on it it would probably line up well with either the 61.8 or the 32 key fulcrum lines. Anyways for now its still speculation that it will break down from the wedge at this exact spot but will be fun to see how close it gets to my projection. I think it will set a bear trap convincing people that the golden cross might turn into a fakeout then once its gathers enough shorts it will resume bullishness and liquidate them all. Just my guess not financial advice. Thanks for reading!
BITSTAMP:BTCUSD
by DrDovetail
Gold Miner ETF Holds Key ZoneGold miners have been consolidating for the last six months and now the Market Vectors Gold Miner ETF is bouncing at a potentially key level. GDX peaked around $28 between late October and mid-December. It then broke out and has now pulled back to find support at the old resistance. There's also some confluence with the 50- and 100-day simple moving averages at the same area. Meanwhile, the U.S. dollar index just made another lower high below its 50-day SMA. This isn't a huge surprise given the Fed's strongly dovish stance -- especially after last week's poor non-farm payrolls report AND this week's tepid inflation numbers. GDX could also serve as something of a hedge against downside in the broader market. While the S&P 500 isn't showing many clearly bearish signs yet, a lot of good news is potentially priced in. XAUUSD
AMEX:GDXLong
by TradeStation
scripts + confluence = confidence for bitcoin longboth scripts have shown great results across the 3 day bitcoin chart but what makes this last move favorable long term is: 3day 200ma below price ScriptA cloud thinning about to produce a long 'L' signal Parasar now below price 7ema and 14ema have crossed above scriptA cloud ScriptB is already a buy signal ^^^ would be a brutal bull trap to create these signals on htf and not continue to >$9k, second chance for those to ride this beautiful wave... to take advantage of these scripts please visit tradingscripts.best
BITSTAMP:BTCUSDLong
by TBTS
NZDUSD Big Short Opportunity ComingNZDUSD has been in a widening wedge pattern and has formed a shooting star candle on the daily timeframe. These are both signs of a reversal. Multiple confluence list: 1. Daily shooting star with 3rd test of trendline 2. Daily RSI overbought with 4 Hr RSI bearish divergence Entry around 0.66150 with stop above high at 0.66450. TP1 0.65550 TP2 0.64550 This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
Short
by csohrab